Universal Uranium Ltd.
TSX VENTURE : UUL

Universal Uranium Ltd.

March 25, 2008 17:00 ET

Universal Uranium Ltd. Elects Not to Option Properties From Capella Resources Ltd.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2008) - Universal Uranium Ltd. (the "Company") (TSX VENTURE:UUL) has elected not to commit to certain expenditures (the "Expenditures") required to maintain its interest under the option agreement dated August 1, 2006 between Tripple Uranium Resources Inc. ("TUR"), a wholly-owned subsidiary of Capella Resources Ltd, and the Company (the "Agreement"). Pursuant to the terms of the Agreement, the Company had the option to earn and acquire a 60% interest in TUR's 2,727 staked mineral claims located in the Central Mineral Belt of Newfoundland and Labrador (the "Claims") provided that among other things, the Expenditures on the Claims were made by the Company. As a result of the Company's election not to pay the Expenditures, TUR and the Company have entered into an agreement formally terminating the Agreement.

Universal Uranium Ltd. (TSX VENTURE:UUL) is a publicly held Canadian uranium exploration company focused on acquiring, exploring and developing uranium properties located in favorable geo-political climates. The company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies.

ON BEHALF OF THE BOARD:

Ronald Atlas, President & Chairman of the Board

The Company seeks Safe Harbour.

Standard & Poor's Listed

Issued Share Capital: 44,115,069

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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